What was behind the 2008 financial crash?

In a radio discussion, Wendy Carlin, Professor of Economics at UCL and Fellow of the European Institute, outlines the background to the 2008 financial crash, and suggests a sense developed that the costs of the crash were ‘being concentrated’ on the less well off. 

Listen to the clip on BBC Radio 4 ‘Today’ (from 1 hr, 48 mins 54 seconds)